Arkadios Wealth Advisors Makes New Investment in Ondas Holdings Inc. $ONDS

Key Points

• Arkadios Wealth Advisors opened a new position in Ondas, buying 75,000 shares in Q2 valued at roughly $144,000.
• Ondas beat Q2 revenue and EPS estimates (revenue $6.27M; EPS -$0.08 vs -$0.11 expected) but remains unprofitable with a very large negative net margin (~300%) and negative return on equity (~130%).
• Shares are down about 12.5% (opened $5.25) with a market cap near $1.93B, and analysts hold a mixed view—consensus rating "Moderate Buy" with a $7.25 price target.

Arkadios Wealth Advisors bought a new stake in Ondas Holdings Inc. (NASDAQ:ONDS - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 75,000 shares of the company's stock, valued at approximately $144,000.

Several other hedge funds also recently modified their holdings of the company. Diamond Hill Capital Management Inc. boosted its stake in shares of Ondas by 5.1% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 645,510 shares of the company's stock valued at $691,000 after buying an additional 31,219 shares during the last quarter. Foundations Investment Advisors LLC acquired a new stake in Ondas in the first quarter valued at $62,000. SLT Holdings LLC bought a new position in Ondas during the 1st quarter valued at $62,000. XTX Topco Ltd acquired a new position in Ondas during the 1st quarter worth $32,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in Ondas during the 1st quarter worth $34,000. 37.73% of the stock is owned by institutional investors and hedge funds.

Ondas Stock Down 12.5%

Shares of NASDAQ:ONDS opened at $5.25 on Friday. The company's 50-day moving average price is $7.35 and its 200 day moving average price is $3.84. The company has a market cap of $1.93 billion, a PE ratio of -10.10 and a beta of 2.43. Ondas Holdings Inc. has a fifty-two week low of $0.57 and a fifty-two week high of $11.70.

Ondas (NASDAQ:ONDS - Get Free Report) last posted its earnings results on Tuesday, August 12th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.03. The firm had revenue of $6.27 million during the quarter, compared to analysts' expectations of $4.97 million. Ondas had a negative net margin of 300.11% and a negative return on equity of 130.48%. As a group, equities analysts anticipate that Ondas Holdings Inc. will post -0.53 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Weiss Ratings reiterated a "sell (e+)" rating on shares of Ondas in a research note on Wednesday, October 8th. Needham & Company LLC initiated coverage on Ondas in a report on Tuesday, August 19th. They issued a "buy" rating and a $5.00 price target for the company. Zacks Research raised Ondas from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 20th. HC Wainwright assumed coverage on shares of Ondas in a report on Monday, October 6th. They issued a "buy" rating and a $12.00 price objective for the company. Finally, Wall Street Zen raised shares of Ondas from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $7.25.

Ondas Company Profile

Ondas Holdings Inc, through its subsidiaries, provides private wireless, drone, and automated data solutions. It operates in two segments, Ondas Networks and Ondas Autonomous Systems. The company designs, develops, manufactures, sells, and supports FullMAX, a software defined radio (SDR) platform for wide-area broadband networks.

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